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Re: powderkeg post# 24169

Friday, 09/11/2009 8:56:04 AM

Friday, September 11, 2009 8:56:04 AM

Post# of 53792
Part 2 of my answer for you.....

Since you mentioned you are new to this whole stock market thing, let me give you one piece of advice.

You have to decide whether you want to be a market timing trader or an investor in undervalued stocks.

If its a trader you want to be....then you need to be prepared to take some lumps while you get schooled by the more savvy experienced traders out there who are way ahead of you on the learning curve. Getting schooled means losing money btw....Also as a trader it doesn't really matter what the company does or whether the whole thing is one big scam....all that matters is that you sell for more than you paid. It could be a cockroach farm in Chinchilla, traders don't care....it's about the trade not about the company.

If its an investor of undervalued stocks you want to become, then whether you pay .05 or .06 for this stock or any other stock...it won't really matter that much in the long run because you are buying something that you believe is worth much more than the current stock price. The key is that you perceive more value in the company then the stock price reflects.




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